New Vernon Investment Management LLC Has $59,000 Stake in Nu Holdings Ltd. (NYSE:NU)

New Vernon Investment Management LLC reduced its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 79.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,700 shares of the company's stock after selling 21,924 shares during the quarter. New Vernon Investment Management LLC's holdings in NU were worth $59,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. OneAscent Wealth Management LLC grew its position in NU by 6.5% during the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company's stock worth $129,000 after buying an additional 760 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in NU by 1.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock valued at $716,000 after purchasing an additional 1,000 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its holdings in NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock valued at $579,000 after purchasing an additional 1,000 shares in the last quarter. Blue Trust Inc. raised its stake in shares of NU by 4.9% in the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after acquiring an additional 1,011 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its stake in shares of NU by 9.9% in the fourth quarter. Perigon Wealth Management LLC now owns 13,505 shares of the company's stock valued at $152,000 after acquiring an additional 1,216 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Up 1.1 %

Shares of NU traded up $0.13 during trading hours on Monday, hitting $12.14. 53,317,241 shares of the stock traded hands, compared to its average volume of 40,933,962. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The business has a fifty day moving average of $10.96 and a 200-day moving average of $12.22. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $57.86 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. Analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Barclays lifted their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $15.47.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.